BMW, Swisscom end the corporate drought in Swissies

By GlobalCapital
28 Feb 2019

The virtual drought in international corporate issuance in the Swiss franc market belatedly came to an end on Tuesday in spectacular fashion, when BMW launched a speedily executed two-tranche issue for Sfr600m ($600m).

This was comfortably the largest print in Swissies so far this calendar year by any international borrower.

The final size of the trade for BMW International Investment was a pleasant surprise even to Credit Suisse, which was the sole lead on the deal. When initial pricing ...

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